Happy Cold Thirsty Thursday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ADA appears to have found support from its 21MA, and is above the 1.3616 previous resistance level.
So what is next?
ADA could either...
Push higher towards the Red Descending Resistance Trend Line
Or
Break the 21MA support and gets pushed down towards the White Dotted Trend Line and probably gets supported to create a Horizontal Triangle against the Red Resistance Trend Line. So watch out for a potential HORIZONTAL TRIANGLE pattern formation where ADA could consolidate prior to a continuation of its move upwards.
Further push upwards past the Red Resistance Trend Line could bring ADA towards the next Fib Level @ 38.2% at $1.8025, and with extra steam could bring it towards the 2.050 price level.
Stoch RSI (1Wk TF): Maintaining its Bullish Momentum coming from the Oversold Region.
RSI: Bullish Territory above 50 Level.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ADA appears to have found support from its 21MA, and is above the 1.3616 previous resistance level.
So what is next?
ADA could either...
Push higher towards the Red Descending Resistance Trend Line
Or
Break the 21MA support and gets pushed down towards the White Dotted Trend Line and probably gets supported to create a Horizontal Triangle against the Red Resistance Trend Line. So watch out for a potential HORIZONTAL TRIANGLE pattern formation where ADA could consolidate prior to a continuation of its move upwards.
Further push upwards past the Red Resistance Trend Line could bring ADA towards the next Fib Level @ 38.2% at $1.8025, and with extra steam could bring it towards the 2.050 price level.
Stoch RSI (1Wk TF): Maintaining its Bullish Momentum coming from the Oversold Region.
RSI: Bullish Territory above 50 Level.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader